The internet industry closed the day down 5.6%. Sify Technologies ( SIFY), VirnetX ( VHC), Rediff.com India ( REDF), and Quepasa Corporation ( QPSA) were all decliners today within the internet industry with SINA Corporation ( SINA) being today's featured internet loser. SINA Corporation fell $3.33 (-4.7%) to $68.28 on average volume. Throughout the day, 5.6 million shares of SINA Corporation exchanged hands as compared to its average daily volume of 6.5 million shares. SINA Corporation provides online media and mobile value-added services (MVAS) in the People's Republic of China. It provides advertising, non-advertising, and free services through SINA.com, Weibo.com, and SINA Mobile. SINA Corporation has a market cap of $4.8 billion and is part of the technology sector. Shares are up 4.1% year to date as of the close of trading on Friday. TheStreet Ratings rates SINA as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.
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